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ENGINE: Americas Bunker Fuel Availability Outlook (7 March 2024)

Availability tight in Nederland; supply remains very tight in Zona Comun and nearby Brazilian ports; bad weather impacts GOLA bunkering.

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RESIZED ENGINE Americas

The following article regarding bunker fuel availability in the Americas region has been provided by online marine fuel procurement platform ENGINE for post on Singapore bunkering publication Manifold Times:

  • Availability tight in Nederland
  • Supply remains very tight in Zona Comun and nearby Brazilian ports
  • Bad weather impacts GOLA bunkering

North America

Houston's bunker fuel demand has been normal this week. VLSFO and LSMGO availability has improved, and some suppliers can deliver both grades within 5-7 days. HSFO can also be secured with a longer lead time of seven days, a source says.

In Bolivar Roads, some suppliers can offer VLSFO and LSMGO for prompt dates. However, these prompt deliveries are subject to weather conditions and the availability of anchorage space, a source says.

VLSFO and LSMGO grades are tight for prompt dates in Nederland. One supplier requires lead times of 13-15 days to supply both grades.

VLSFO and LSMGO availability is also tight for prompt dates in the Port of Mobile. Some suppliers are able to offer stems only for dates further out.

Fog and reduced visibility around Corpus Christi, Galveston, Port Arthur and Lake Charles this week have delayed vessel traffic around these ports and also through the Houston Ship Channel, a source says. Fog is expected to disrupt bunkering at the ports until Saturday.

Similarly, in the Galveston Offshore Lightering Area (GOLA), bunkering activities are experiencing delays due to dense fog and reduced visibility. However, the weather forecast indicates the fog will mostly clear on Thursday, enabling bunkering to run smoothly. Strong wind gusts are also forecast over the weekend, and deliveries maybe suspended again.

Due to the ongoing weather-related disruptions, demand has been very low at GOLA. One supplier is able to offer stems for very prompt dates, however, deliveries will be subject to weather, he mentions.

Securing both prompt and non-prompt stems for all fuel grades is tight at the New Orleans Outer Anchorage (NOLA). Some suppliers are unable to provide an exact date for when they will have the supply available.

Demand has been low in the West Coast ports of Long Beach and Los Angeles this week. Availability of all grades is normal, with lead times of around 5-7 days.

Availability of VLSFO and LSMGO is tight in Vancouver, further up the North American west coast. One supplier needs at least seven days of lead time to deliver both fuel grades, while another supplier requires eight days.

VLSFO and LSMGO availability is normal in the East Coast port of New York. Overall, bunker demand has been slow in New York so far this week.

Caribbean and Latin America

Due to low water levels in the Panama Canal, demand remains subdued for all bunker grades in Panama. Availability is good for all grades in both Balboa and Cristobal ports in Panama.

As the rainy season draws nearer in Panama, there is a sense of optimism in the shipping industry that the number of daily transits through the Panama Canal could increase, a source says.

Despite the sluggish demand, bunker fuel prices in Cristobal have been higher compared to Houston. As a result, one buyer opted to procure LSMGO stems from Houston rather than Cristobal due to the price discrepancy.

HSFO supply in Peru's Callao is expected to improve with incoming cargo, which can lower prices and help to compete with Ecuador.

Currently, Callao's HSFO is priced about $200/mt higher than most Ecuadorian ports due to ample supply in the country. HSFO is still available with a few suppliers in Callao, but subdued demand persists due to the significant price difference. Ecuador's advantage lies in its high residual fuel oil yield, making it more attractive to bunker buyers.

Availability of VLSFO and LSMGO remains tight in Argentina’s Zona Comun. The earliest delivery date with most suppliers has been pushed back from 10 March to 23 March now. The limited number of suppliers, combined with intermittent weather disruptions, has resulted in shortages of bunker fuel supplies.

Similarly, demand has been notably low in Brazil this week, with tight availability persisting in most Brazilian ports, particularly in Santos, where the recommended lead time ranges between 12-15 days.

By Debarati Bhattacharjee

 

Photo credit and source: ENGINE
Published: 8 March 2024

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Singapore: Annual general meetings scheduled for Xihe Holdings subsidiaries

Annual general meetings of companies/creditors will be held for Xin Chun Shipping (Pte) Ltd and Xin Dun Shipping (Pte) Ltd on 11 July and 9 July respectively, according to Government Gazette notices.

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Resized benjamin child

Notices were published on the Government Gazette on Friday (21 June) regarding scheduled annual meetings for two Xihe Holdings subsidiaries Xin Chun Shipping (Pte) Ltd and Xin Dun Shipping (Pte) Ltd.

Annual general meetings for Xin Chun Shipping are to be held on 11 July at the following times:

For the company: 10.00 am
For the creditors: 11.00 am 

Annual general meeting for Xin Dun Shipping are to be held on 9 July at the following times:

For the company: 10.00 am
For the creditors: 11.00 am

AGENDA

  1. To receive an update on the liquidation.
  2. To receive an account of the Liquidators’ acts and dealings, and of the conduct of the winding up.

The following are the details of the liquidator:

Ho May Kee
Liquidator
c/o 8 Marina View
#40-04/05 Asia Square Tower 1
Singapore 018960

Xihe Holdings Pte Ltd and its subsidiaries are owned by the Lim family, who are also the owners of the embattled Hin Leong Trading.

Related: JMs: First creditors meeting of Xihe Holdings subsidiaries to be held in January 2021

 

Photo credit: Benjamin-Child
Published: 24 June, 2024

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ENGINE: Americas Bunker Fuel Availability Outlook (20 June 2024)

Tropical Storm Alberto disrupts US Gulf Coast bunkering; good demand in Baltimore; muted demand in Rio Grande.

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RESIZED ENGINE Americas

The following article regarding bunker fuel availability in the Americas region has been provided by online marine fuel procurement platform ENGINE for post on Singapore bunkering publication Manifold Times:

  • Tropical Storm Alberto disrupts US Gulf Coast bunkering
  • Good demand in Baltimore
  • Muted demand in Rio Grande

North America

Bunker demand has slowed in Houston and several other locations along the US Gulf Coast due to adverse weather conditions caused by Tropical Storm Alberto. Since Wednesday morning, all vessel traffic through the Houston Ship Channel has been suspended. The storm has brought heavy rain and high winds to the region, impacting vessel navigation.

Bunker barges can still operate in the northern part of the channel but are unable to head south. This is expected to delay bunker deliveries in Houston, Bolivar Roads, Freeport, Beaumont and Lake Charles.

Tropical Storm Alberto made landfall on the northeastern coast of Mexico on Thursday. All operations have been suspended at Mexico's Tampico port, where bunker demand is usually very low due to the high prices of all fuel grades.

The Corpus Christi area is also experiencing heavy rainfall, and the storm is likely to upgrade to Tropical Cyclone Category 1. This may cause further delays for barges heading to Point Comfort.

Despite weather challenges, availability has been normal in Houston across grades. Several suppliers in Houston have ample VLSFO and LSMGO supplies and can offer prompt deliveries, depending on the weather conditions.

Demand in the New Orleans Outer Anchorage (NOLA) has picked up this week amid disruptions in most of the Gulf Coast ports. Several suppliers are able to offer VLSFO and LSMGO stems with a lead time of 4–7 days.

Bunkering has been suspended in the Galveston Offshore Lightering Area (GOLA) since Monday amid extremely rough weather conditions. The region is currently facing gale-force wind gusts of 41 knots, and the weather is forecasted to remain severe until Sunday.

Demand has remained low in the West Coast ports of Long Beach and Los Angeles this week. Availability of all grades is normal, with lead times of around 5-7 days recommended in both ports.

On the other hand, San Francisco on the West Coast has seen an uptick in demand this week.

VLSFO and LSMGO availability is normal in the East Coast port of New York. Overall, bunker demand has been slow in New York so far this week.

Baltimore has seen a steady flow of enquiries this week. The port's bunker demand is gradually picking up after the channel reopened fully earlier this month.

Caribbean and Latin America

Bunker fuel demand has been good in Panama's Balboa and Cristobal. Product availability is also good in both locations, with several suppliers able to supply all fuel grades with a lead time of 5-7 days.

As of now, the Panama Canal Authority allows 32 daily transits. This number will be increased to 33 starting 11 July and further to 34 transits from 22 July.

VLSFO and LSMGO grades are available at Argentina’s Zona Comun anchorage, with recommended lead times of 5-7 days. Bunker demand has been low in the past week. However, strong wind gusts are forecast to hit the anchorage on Thursday evening, potentially affecting bunker operations in Zona Comun.

Bunker fuel availability has been normal in the Brazilian ports of Santos. Several suppliers are able to offer LSMGO stems with a lead time of 5-6 days.

Bunker demand remains muted in Rio Grande. Bunker buyers are still cautious about lifting bunkers there, a source says.

By Debarati Bhattacharjee

 

Photo credit and source: ENGINE
Published: 21 June, 2024

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Singapore: Notice of intended dividend for An Hui Shipping, Nan Yi Maritime

Creditors of both companies will need to produce proofs of debt to liquidators of the companies by 21 June 2024 at 5pm, according to Government Gazette notices.

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RESIZED Drew Beamer

Notices of intended dividend for An Hui Shipping Pte. Ltd and Nan Yi Maritime (Pte.) Ltd., that are being wound up voluntarily, were published on the Government Gazette on Friday (7 June).

The following are the details:

Name of Company : Nan Yi Maritime (Pte.) Ltd. (In Creditors’ Voluntary Liquidation)
Unique Entity No. / Registration No. : 200814293G
Address of Registered Office : c/o Grant Thornton Singapore Private Limited 8 Marina View #40-04/05 Asia Square Tower 1 Singapore 018960
Last Day for Receiving Proofs : 21 June 2024 at 5:00 pm by email to [email protected]
Name of Liquidators : Paresh Tribhovan Jotangia and Ho May Kee
Address : c/o Grant Thornton Singapore Private Limited, 8 Marina View, #40-04/05 Asia Square Tower 1, Singapore 018960

 

Name of Company : An Hui Shipping Pte. Ltd. (In Creditors’ Voluntary Liquidation)
Unique Entity No. / Registration No.: 201207031N
Address of Registered Office : c/o Grant Thornton Singapore Private Limited, 8 Marina View
#40-04/05 Asia Square Tower 1, Singapore 018960
Last Day for Receiving Proofs : 21 June 2024 at 5:00 pm by email to [email protected]
Name of Liquidators : Paresh Tribhovan Jotangia and Ho May Kee
Address : c/o Grant Thornton Singapore Private Limited, 8 Marina View, #40-04/05 Asia Square Tower 1, Singapore 018960

 

Photo credit: Drew Beamer
Published: 10 June, 2024

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